Quote Originally Posted by hmac View Post
There’s no tax benefit to do that now.
That is strange as two weeks ago I read an article in the financial section of a national Sunday newspaper where it stated that an employee earning the same salary paid less in tax if they were paid through their limited company instead of PAYE. The employee being paid through his limited company was taking his salary in dividends with the tax rate for basic rate taxpayers being 18%.
There was also a director of a small limited company ‘greetin’ on the BBC news about not being able to receive 80% of his salary under the furlough scheme as he received his salary in dividends from his limited company.
I seem to remember reading in the Dundee Football Club Limited annual accounts that Dave McKinnon when he was Chief Executive of Dundee Football Club had his salary paid to his own company rather than through the PAYE system.